Recap My favourite pair giving us the easiest play for the week again. Pullback back to Y-0 and found support. Took off higher all the way to Y+3. Closed the week near week high and above Y+2.
Outlook Weekly upside target tagged. Challenging monthly resistance here. First test probably will result in at least a pullback down to Y+1. Difficult to tell now if it is all cable has in store to the upside.
I need to see how cable react to a move above B+1 to determine if sellers are waiting up there.
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
GBPUSD Dec 02 to Dec 06 Outlook
Lawrence’s Comment
My favourite pair giving us the easiest play for the week again. Pullback back to Y-0 and found support. Took off higher all the way to Y+3. Closed the week near week high and above Y+2.
Outlook
Weekly upside target tagged. Challenging monthly resistance here. First test probably will result in at least a pullback down to Y+1. Difficult to tell now if it is all cable has in store to the upside.
I need to see how cable react to a move above B+1 to determine if sellers are waiting up there.
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